To establish a deficit-neutral reserve fund relating to promoting US competitiveness and innovation by supporting research and development.

SA 3278. Ms. HASSAN (for herself and Mr. Young) submitted an
amendment intended to be proposed by her to the concurrent resolution
S. Con. Res. 14, setting forth the congressional budget for the United
States Government for fiscal year 2022 and setting forth the
appropriate budgetary levels for fiscal years 2023 through 2031; which
was ordered to lie on the table; as follows:

At the end of title III, add the following:

SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO PROMOTING
US COMPETITIVENESS AND INNOVATION BY SUPPORTING
RESEARCH AND DEVELOPMENT.

The Chairman of the Committee on the Budget of the Senate
may revise the allocations of a committee or committees,
aggregates, and other appropriate levels in this resolution,
and make adjustments to the pay-as-you-go ledger, for one or
more bills, joint resolutions, amendments, amendments between
the Houses, motions, or conference reports relating to
supporting United States economic competitiveness and
innovation, which may include expanding the research and
development tax credit for small businesses and preserving
full expensing for research and development investments, by
the amounts provided in such legislation for those purposes,
provided that such legislation would not increase the deficit
over either the period of the total of fiscal years 2022
through 2026 or the period of the total of fiscal years 2022
through 2031.
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